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15 Days Price Change

Patel Retail IPO

Closing In

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Profile
Issue Size 199.3 Cr
Profile
Price Range 237  to  255 per share
Profile
Min Investment ₹255
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are primarily engaged as a retail supermarket chain operating in tier-III cities and nearby suburban areas, with focus on “value retail”, offering food, non-food (FMCG), general merchandise and apparel catering to the needs of the entire family. Incorporated in Fiscal 2008, our Company started its first store under the brand “Patel’s R Mart” at Ambernath, Maharashtra and since, our operations are spread across the suburban area of Thane and Raigad district in Maharashtra. Over the years we have emerged as a player managing one of the largest network stores in the MMR region (source: D&B Report). As on December 31, 2023 we operate and manage thirty-one (31) stores, with a Retail Business Area28 of approx. 1,26,000 sq.fts. Read More

Basic Info

Face Value 10 per share

Price 237  to  255 per share

P/E (x) 24.8

Sales( Cr.) 821

PAT( Cr.) 25

EPS 10.3

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Dhanji Raghavji Patel Bechar Raghavji Patel Hiren Bechar Patel Rahul Dhanji Patel

Pre Issue Share Holding 97.99%

Post Issue Share Holding 70%

Listing Details:

Listing Price: 305

Listing Gain: 16.39%

Current Price: 181.6

Gain On Issue: 181.6 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Aug 19, 2025
Closing Date Aug 21, 2025
Allotment Aug 22, 2025
Refund Aug 25, 2025
Delivery of Shares Aug 25, 2025
Listing Date Aug 26, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 58 14,790
Retail (Max) 13 754 192,270
S-HNI (Min) 14 812 207,060
S-HNI (Max) 67 3886 990,930
B-HNI (Min) 68 3944 1,005,720

Objective of the Issue

1. Repayment/prepayment, in full or part, of certain borrowings availed of by our Company. 2. Funding of working capital requirements of the Company. 3. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 1136312 309562472 272.4x
NII 2367250 256077192 108.2x
Retail 4261050 181056048 42.5x
EMP 51000 1293748 25.4x
Total 7815612 747989460 95.7x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Patel Retail Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 823 766 1019 814 821
Other Income 4 6 1 4 5
Total Income 828 772 1020 818 826
Total Expenditure 799 744 975 761 762
Operating Profit 29 28 44 57 64
Interest 9 8 12 16 18
Depreciation 5 5 10 10 12
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 16 15 22 31 34
Provision for Tax 4 4 6 8 9
Profit After Tax 11 11 16 23 25
Adjustments 0 0 0 0 0
Profit After Adjustments 11 11 16 23 25
Adjusted Earnings Per Share 4.7 4.7 6.7 9.2 10.2

Patel Retail Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 45 56 72 94 135
Minority's Interest 0 0 0 0 0
Borrowings 38 37 35 27 20
Other Non-Current Liabilities -2 -1 -1 -1 -1
Total Current Liabilities 164 181 195 210 226
Total Liabilities 245 272 301 331 380
Fixed Assets 27 38 59 60 65
Other Non-Current Assets 39 45 23 26 19
Total Current Assets 179 190 220 245 296
Total Assets 245 272 301 331 380

Patel Retail Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 4 8 14 3 4
Cash Flow from Operating Activities -39 34 -6 25 28
Cash Flow from Investing Activities -13 -16 -5 -12 -11
Cash Flow from Financing Activities 57 -12 -0 -13 -8
Net Cash Inflow / Outflow 4 5 -10 0 9
Closing Cash & Cash Equivalent 8 14 3 4 12

Patel Retail Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 4.72 4.66 6.72 9.24 10.16
CEPS(Rs) 6.61 6.59 10.76 13.36 14.87
DPS(Rs) 0 0 0.16 0 0
Book NAV/Share(Rs) 18.25 22.9 29.48 38.72 54.08
Core EBITDA Margin(%) 2.99 2.93 4.22 6.53 7.08
EBIT Margin(%) 2.96 3.05 3.38 5.74 6.3
Pre Tax Margin(%) 1.89 2 2.17 3.74 4.16
PAT Margin (%) 1.4 1.48 1.6 2.75 3.07
Cash Profit Margin (%) 1.96 2.1 2.56 3.98 4.49
ROA(%) 4.7 4.4 5.71 7.13 7.11
ROE(%) 25.84 22.66 25.65 27.1 22.08
ROCE(%) 11.05 10.45 14.38 17.57 17.46
Receivable days 38.98 40.88 33.33 44.59 48.95
Inventory Days 27.1 27.54 23.34 45.38 59.91
Payable days 11.86 15.35 15.79 25.01 29.77
PER(x) 0 0 0 0 0
Price/Book(x) 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.21 0.21 0.18 0.25 0.24
EV/Core EBITDA(x) 5.92 5.73 4.12 3.62 3.03
Net Sales Growth(%) 0 -6.95 32.94 -20.06 0.8
EBIT Growth(%) 0 -4.17 48.03 35.7 10.59
PAT Growth(%) 0 -1.11 44.06 37.57 12.18
EPS Growth(%) 0 -1.11 44.06 37.57 9.93
Debt/Equity(x) 3.96 3.06 2.54 1.97 1.34
Current Ratio(x) 1.09 1.05 1.13 1.16 1.31
Quick Ratio(x) 0.71 0.75 0.73 0.56 0.67
Interest Cover(x) 2.76 2.89 2.8 2.87 2.95
Total Debt/Mcap(x) 0 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 1% 2% 0% 0%
Operating Profit CAGR 12% 32% 0% 0%
PAT CAGR 9% 31% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 22% 25% 25% 25%
ROCE Average 17% 16% 14% 14%

Company Contact Information

Patel Retail Ltd.

Prasad R Khopkar

+91 7391043825

cs@patelrpl.net

Plot No. M-2, Anand Nagar Additional, M I D C Ambernath (East)

IPO Lead Manager(s)

Patel Retail Ltd.

Fedex Securities Ltd.

Registrar Info

Patel Retail Ltd.

Bigshare Services Pvt Ltd

Office No S6-2, 6th Floor, Pinnacle Business Park,ext to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai - 400093 (old address - Bharat Tin Works building, 1st floor, Opp. Vasant Oasis, Andheri East Mumbai - 400 059 Tel: + 91 21 626 38200 Fax:

91-022-62638200

91-022-62638299

Investor@bigshareonline.com

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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